Original Research

Global integration of Africa versus regional integration in Africa

Willem Naudé, Waldo Krugell
South African Journal of Economic and Management Sciences | Vol 4, No 3 | a2659 | DOI: https://doi.org/10.4102/sajems.v4i3.2659 | © 2018 Willem Naude | This work is licensed under CC Attribution 4.0
Submitted: 09 July 2018 | Published: 30 September 2001

About the author(s)

Willem Naudé, Faculty of Economic and Management Sciences, Potchefstroom University, South Africa
Waldo Krugell, Faculty of Economic and Management Sciences, Potchefstroom University, South Africa

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Abstract

Proposals and schemes for regional integration have abounded in postindependence Africa, often with disappointing results. Recently there has been a revival of interest in African economic integration. Unlike in the past, regional integration is now motivated as a way to open up African economies. This paper assesses whether regional integration amongst African states is the best way to achieve open economies. The conclusion is that regional integration between African states may be of limited value, apart from possibly contributing to better co-ordination of sound macro-economic policies. Instead, integration between African countries and higher-income regions, such as Euroland, may be a preferred strategy.

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Crossref Citations

1. African Economic Growth: Wrong to Rely on Small Businesses?*
Wim Naudé, Waldo Krugell
Journal of Small Business & Entrepreneurship  vol: 16  issue: 2  first page: 21  year: 2002  
doi: 10.1080/08276331.2002.10593301